CEX.IO News

Market spoofing attempts neutralized

, April 17, 2019

We’ve recently neutralized market spoofing attempts on CEX.IO. An internal investigation has been initiated in accordance with corporate procedures. A self-regulated crypto exchange, CEX.IO Ltd is a UK-based company operating in full accordance with British law.

Over its five-year history, the CEX.IO cryptocurrency exchange has proved its high standards of security for customer funds, efficient anti-fraud procedures, and compliance with regulatory frameworks. In addition to PCI DSS certification and MSB status with FinCEN, in December 2018, CEX.IO underwent an independent BSA/AML audit, including the evaluation of internal policies and procedures. In February 2019, CEX.IO reported a 30% decrease in fraud as a result of its upgraded KYC procedure.

What is market spoofing?

Market spoofing is a manipulative strategy when a fraudulent trader places fake limit orders to confuse other traders, who build their price perception in response. Later, the initial order is removed by the fraudulent trader before it’s executed. As a result, other traders lose their perceived profit.

Related

CEX.IO News

Visa/Mastercard Commission Lowered: Only 2.99% Charge for Instant Deposits

CEX.IO was one of the first cryptocurrency exchanges to offer a credit card payment option. Since then, our team has been working hard to make instant deposits cheaper and more convenient. Now we’re glad to announce that commission for deposits to CEX.IO with Mastercard and Visa cards has been

Sep 04, 2018 | 3 min read
CEX.IO News

Ethereum Fork and CEX.IO

The Ethereum Constantinople upgrade that was initially scheduled for November 2018 is expected to take place on February 28, 2019. The fork will happen at block number 7,280,000. We would like to inform you that CEX.IO will take all necessary steps to update our system and make sure your funds are

Feb 28, 2019 | 2 min read